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Forex technical analysis: Everyone's favorite...Head and shoulder in GBPJPY

Discussion in 'Technical Analysis' started by ForexLive, Jul 19, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Falls below neckline The GBPJPY has fallen below neckline support on the GBPJPY (at the 1.3923 level). For every H&S that develops, there are others that fail, but the fall below the trend line is still a bearish move. The measured target would head on down to 133.19 area. That is a long way off. There are other targets along the way.

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